Many investors and financial analysts believe the Dow Jones Industrial Average (DJIA) gives a good barometer of the overall stock market. On January 31, 2006, 9 of the 30 stocks making up the DJIA increased in price (The Wall Street Journal, February 1, 2006). On the basis of this fact, a financial analyst claims we can assume that 30% of the stocks traded on the New York Stock Exchange (NYSE) went up the same day.A sample of 70 stocks traded on the NYSE that day showed that 17 went up.You are conducting a study to see if the proportion of stocks that went up is is significantly less than 0.3. You use a significance level of α=0.001α=0.001.What is the test statistic for this sample? (Report answer accurate to three decimal places.)test statistic = What is the p-value for this sample? (Report answer accurate to four decimal places.)p-value = The p-value is...less than (or equal to) ααgreater than ααThis test statistic and p-value lead to a decision to...reject the nullaccept the nullfail to reject the nullAs such, the final conclusion is that...There is sufficient evidence to warrant rejection of the claim that the proportion of stocks that went up is is less than 0.3.There is not sufficient evidence to warrant rejection of the claim that the proportion of stocks that went up is is less than 0.3.The sample data support the claim that the proportion of stocks that went up is is less than 0.3.There is not sufficient sample evidence to support the claim that the proportion of stocks that went up is is less than 0.3. Many investors and financial analysts believe the Dow Jones Industrial Average (DJIA) gives a goodbarometer of the overall stock market. On January 31, 2006, 9 of the 30 stocks making up the DJIAincreased in price (The Wall Street Journal, February 1, 2006). On the basis of this fact, a financial analystclaims we can assume that 30% of the stocks traded on the New York Stock Exchange (NYSE) went up thesame day.A sample of 70 stocks traded on the NYSE that day showed that 17 went up.You are conducting a study to see if the proportion of stocks that went up is is significantly less than 0.3.You use a significance level of a = 0.001.What is the test statistic for this sample? (Report answer accurate to three decimal places.)test statistic =What is the p-value for this sample? (Report answer accurate to four decimal places.)p-value =The p-value is...less than (or equal to) aO greater than aThis test statistic and p-value lead to a decision to...Oreject the nullaccept the nullO fail to reject the nullAs such, the final conclusion is that...O There is sufficient evidence to warrant rejection of the claim that the proportion of stocks that wentup is is less than 0.3.O There is not sufficient evidence to warrant rejection of the claim that the proportion of stocks thatwent up is is less than 0.3.O The sample data support the claim that the proportion of stocks that went up is is less than 0.3.O There is not sufficient sample evidence to support the claim that the proportion of stocks that wentup is is less than 0.3.

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Many investors and financial analysts believe the Dow Jones Industrial Average (DJIA) gives a good barometer of the overall stock market. On January 31, 2006, 9 of the 30 stocks making up the DJIA increased in price (The Wall Street Journal, February 1, 2006). On the basis of this fact, a financial analyst claims we can assume that 30% of the stocks traded on the New York Stock Exchange (NYSE) went up the same day. A sample of 70 stocks traded on the NYSE that day showed that 17 went up. You are conducting a study to see if the proportion of stocks that went up is is significantly less than 0.3. You use a significance level of a = 0.001. What is the test statistic for this sample? (Report answer accurate to three decimal places.) test statistic = What is the p-value for this sample? (Report answer accurate to four decimal places.) p-value = The p-value is... less than (or equal to) a greater than a This test statistic and p-value lead to a decision to... O reject the null O accept the null O fail to reject the null As such, the final conclusion is that... O There is sufficient evidence to warrant rejection of the claim that the proportion of stocks that went up is is less than 0.3. O There is not sufficient evidence to warrant rejection of the claim that the proportion of stocks that went up is is less than 0.3. The sample data support the claim that the proportion of stocks that went up is is less than 0.3. Thoro ic not cufficiont camplo ouidono runnort tho olaim that woont

MATLAB: An Introduction with Applications

6th Edition

ISBN:9781119256830

Author:Amos Gilat

Publisher:Amos Gilat

Chapter1: Starting With Matlab

Section: Chapter Questions

Problem 1P

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Many investors and financial analysts believe the Dow Jones Industrial Average (DJIA) gives a good barometer of the overall stock market. On January 31, 2006, 9 of the 30 stocks making up the DJIA increased in price (The Wall Street Journal, February 1, 2006). On the basis of this fact, a financial analyst claims we can assume that 30% of the stocks traded on the New York Stock Exchange (NYSE) went up the same day.

A sample of 70 stocks traded on the NYSE that day showed that 17 went up.

You are conducting a study to see if the proportion of stocks that went up is is significantly less than 0.3. You use a significance level of α=0.001α=0.001.

What is the test statistic for this sample? (Report answer accurate to three decimal places.)
test statistic =

What is the p-value for this sample? (Report answer accurate to four decimal places.)
p-value =

The p-value is...

less than (or equal to) αα
greater than αα

This test statistic and p-value lead to a decision to...

reject the null
accept the null
fail to reject the null

As such, the final conclusion is that...

There is sufficient evidence to warrant rejection of the claim that the proportion of stocks that went up is is less than 0.3.
There is not sufficient evidence to warrant rejection of the claim that the proportion of stocks that went up is is less than 0.3.
The sample data support the claim that the proportion of stocks that went up is is less than 0.3.
There is not sufficient sample evidence to support the claim that the proportion of stocks that went up is is less than 0.3.

Many investors and financial analysts believe the Dow Jones Industrial Average (DJIA) gives a good
barometer of the overall stock market. On January 31, 2006, 9 of the 30 stocks making up the DJIA
increased in price (The Wall Street Journal, February 1, 2006). On the basis of this fact, a financial analyst
claims we can assume that 30% of the stocks traded on the New York Stock Exchange (NYSE) went up the
same day.
A sample of 70 stocks traded on the NYSE that day showed that 17 went up.
You are conducting a study to see if the proportion of stocks that went up is is significantly less than 0.3.
You use a significance level of a = 0.001.
What is the test statistic for this sample? (Report answer accurate to three decimal places.)
test statistic =
What is the p-value for this sample? (Report answer accurate to four decimal places.)
p-value =
The p-value is...
less than (or equal to) a
O greater than a
This test statistic and p-value lead to a decision to...
Oreject the null
accept the null
O fail to reject the null
As such, the final conclusion is that...
O There is sufficient evidence to warrant rejection of the claim that the proportion of stocks that went
up is is less than 0.3.
O There is not sufficient evidence to warrant rejection of the claim that the proportion of stocks that
went up is is less than 0.3.
O The sample data support the claim that the proportion of stocks that went up is is less than 0.3.
O There is not sufficient sample evidence to support the claim that the proportion of stocks that went
up is is less than 0.3.

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